3. SuperTrend EMA cross over strategy
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SuperTrend EMA cross over strategy

  • U

    Throwing more ideas on strategy development and backtesting in backtrader

    An interesting trading idea based on Super trend indicator and EMA cross over,
    Super trend indicator looks like Moving Average on price chart but much more robust
    More details here
    http://www.freebsensetips.com/blog/detail/8/Supertrend---EMA-crossover-trading-strategy

    Suprtrend calculation:
    BASIC UPPERBAND = (HIGH + LOW) / 2 + Multiplier * ATR
    BASIC LOWERBAND = (HIGH + LOW) / 2 - Multiplier * ATR

    FINAL UPPERBAND = IF( (Current BASICUPPERBAND < Previous FINAL UPPERBAND) and (Previous Close > Previous FINAL UPPERBAND)) THEN (Current BASIC UPPERBAND) ELSE Previous FINALUPPERBAND)

    FINAL LOWERBAND = IF( (Current BASIC LOWERBAND > Previous FINAL LOWERBAND) and (Previous Close < Previous FINAL LOWERBAND)) THEN (Current BASIC LOWERBAND) ELSE Previous FINAL LOWERBAND)

    SUPERTREND = IF(Current Close <= Current FINAL UPPERBAND ) THEN Current FINAL UPPERBAND ELSE Current FINAL LOWERBAND

    Also, this websites gives live signal based on Super trend (for reference)
    http://www.marketcalls.in/livecharts

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  • U

    Another strategy using Super Trend and SAR
    Indicators/Settings:
    -SUPERTREND(8, 1.5)
    -SAR(0.2.0.2)

    WHEN TO ENTER A TRADE:

    Enter: a BUY trade when SUPERTREND is in a bullish trend(line is green), and SAR gives a BUY signal. (Don't enter a SELL trade if SUPERTREND is bullish and SAR gives a SELL signal.

    Enter: a SELL trade when SUPERTREND is in a bearish trend(line is red), and SAR gives a SELL signal. (Don't enter a BUY trade if SUPERTREND is bearish and SAR gives a BUY signal.

    Get out of a BUY trade when SAR give a SELL signal, and the opposite for a SELL trade.

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